Global Smart Thermostat Market Analysis By Technology (Wired, Wireless - Wi-Fi, ZigBee, Others), Application, Components, By Region, By Country: Opportunities and Forecast (2012-2022) – By Application (Residential, Commercial, Others), By Components (Temperature sensor, Humidity sensor, Power management, Others)

Publisher Name :
Date: 12-Oct-2017
No. of pages: 186

Executive Summary

The report by Azoth Analytics titled “Global Smart Thermostat Market Analysis By Technology (Wired, Wireless Wi-Fi, ZigBee, Others), Application, Components, By Region, By Country: Opportunities and Forecast (2012-2022)” estimates that the market of smart thermostats has witnessed tremendous growth of ~ 20% globally in the period 2012-2017 and amounted to USD 1.36 billion in the year 2017.

A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Smart Thermostat Market By Technology (Wired, Wireless Wi-Fi, ZigBee, Others), Application (Residential, Commercial, Others), Components (Temperature sensor, Humidity sensor, Power management, Others), By  Region (North America, Europe, APAC and ROW) and By Country (U.S., Canada, Germany, France, U.K., China, Japan and UAE).

Rising government regulation and IoT expansion has increased the demand of smart thermostat; however, there are certain challenges that will need to be addressed, including the high cost of smart thermostat and lack of communication networking. Further, advancement in technologies and new inbuilt sensors will going to boost the global market in the forecast period. In the recent years, many leading manufacturing companies are dedicated in developing the smart thermostat technologies, with the major focus on to reduce the cost and improving smart device integration. The Wireless ZigBee and Z-Wave standards has also been started to further simplify the failure in the network system due to increasing complexity. Apart from using the smart thermostats in residential buildings, many manufacturing, mining and chemical industries have also raised the demand for smart thermostats for the automated temperature control.

According to Azoth Analytics research report “Global Smart Thermostat Market Analysis By Technology (Wired, Wireless Wi-Fi, ZigBee, Others), Application, Components, By Region, By Country: Opportunities and Forecast (2012-2022)”, the global market is projected to display even higher growth represented by a CAGR of 35.29% during 2017 – 2022. The market will chiefly driven by increase in urbanization and rising carbon emission, growing internet users and smartphone penetration, government regulations to use energy saving devices and growing advancements in the thermostat technology. The wireless segment is rising at a higher rate due its advanced control through apps from any location, thereby gradually taking over the entire wired network. Among the regions, North America accounts for the largest regional share in the total smart thermostat market in 2016 while Asia Pacific region is predicted to advance at the highest rate, mainly driven by the growing economies in China, India with the growth in urban population, emerging industries and new smart infrastructure built and technological improvement in Singapore, South Korea, Vietnam, etc.

The report has covered and analysed the potential of Global Smart Thermostat Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global smart thermostat market. Additionally, the report also highlights market entry strategies for various companies across the globe.

Scope of the Report

Global Market (Actual Period: 2012-2016, Forecast Period: 2017-2022)


  • Smart Thermostat Market

  • By Application Residential, Commercial, Others

  • By Components Temperature sensor, Humidity sensor, Power management, Others


Regional Markets – North America, Europe, APAC, and RoW (Actual Period: 2012-2016, Forecast Period: 2017-2022)


  • Smart Thermostat Market

  • By Application Residential, Commercial, Others

  • By Components Temperature sensor, Humidity sensor, Power management, Others


Country Analysis - US, Canada, Germany, France, U.K., China, Japan and U.A.E. (Actual Period: 2012-2016, Forecast Period: 2017-2022)


  • Smart Thermostat Market Smart Thermostat Market

  • By Application Residential, Commercial, Others

  • By Components Temperature sensor, Humidity sensor, Power management, Others


Other Report Highlights


  • Market Dynamics – Trends, Drivers, Challenges

  • Porter’s Five Forces Analysis

  • SWOT Analysis

  • Competitive Landscape

    • Pricing Analysis

    • Product Benchmarking of Key Industry Players Manufacturing Smart Thermostat, By Technology

    • Product Benchmarking of Key Industry Players Manufacturing Smart Thermostat, By Application

    • Policy and Regulatory Landscape



  • Company Analysis Honeywell Inc., Nest, Ecobee, Quby, Tado, Carrier, Emerson Inc., Schneider Electric, Ingersoll Land Plc


Customization of the Report

The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.

Global Smart Thermostat Market Analysis By Technology (Wired, Wireless - Wi-Fi, ZigBee, Others), Application, Components, By Region, By Country: Opportunities and Forecast (2012-2022) – By Application (Residential, Commercial, Others), By Components (Temperature sensor, Humidity sensor, Power management, Others)

Table of Contents

1. Research Methodology

2. Executive Summary

3. Strategic Recommendation
3.1. Expansion of market through regional energy utilities
3.2. Asia Pacific Region to witness the fastest growth of Smart Thermostat Market in the forecast period

4. Smart Thermostat Outlook

5. Global Smart Thermostat Market: Growth and Forecast
5.1. By Value (2012-2016)
5.2. By Value (2017-2022)

6. Global Smart Thermostat Market- Segmental Breakdown
6.1. Global Smart Thermostat Market-By Technology
6.1.1. By Value (2012-2022)
6.2. Global Smart Thermostat Market-By Wireless Technology
6.2.1. By Value (2012-2022)
6.3. Global Smart Thermostat Market- By Application
6.3.1. By Value (2012-2022)
6.4. Global Smart Thermostat Market- By Components
6.4.1. By Value (2012-2022)

7. Global Smart Thermostats Market: Regional Analysis
7.1. Global Smart Thermostat Market, By Region: Breakdown (%)
7.1.1. Global Smart Thermostat Market Size, By Region, 2016 (%)
7.1.2. Global Smart Thermostat Market Size, By Region, 2022 (%)

8. North America Smart Thermostat Market: An Analysis
8.1. North America Smart Thermostat Market Size
8.1.1. By Value (2012-2016)
8.1.2. By Value (2017-2022)
8.2. North America Smart Thermostat Market-By Technology
8.2.1. By Value (2012-2022)
8.3. North America Smart Thermostat Market- By Application
8.3.1. By Value (2012-2022)
8.4. North America Smart Thermostat Market: Country Analysis (U.S. and Canada)
8.4.1. U.S. Smart Thermostat Market Size, By Value (2012-2022)
8.4.2. U.S. Smart Thermostat Market, By Technology, By Value (2012-2022)
8.4.3. U.S. Smart Thermostat Market, By Application, By Value (2012-2022)
8.4.4. U.S. Smart Thermostat Market, By Components, By Value (2012-2022)
8.4.5. Canada Smart Thermostat Market Size, By Value (2012-2022)
8.4.6. Canada Smart Thermostat Market, By Technology, By Value (2012-2022)
8.4.7. Canada Smart Thermostat Market, By Application, By Value (2012-2022)
8.4.8. Canada Smart Thermostat Market, By Components, By Value (2012-2022)

9. Europe Smart Thermostat Market: An Analysis
9.1. Europe Smart Thermostat Market size
9.1.1. By Value (2012-2016)
9.1.2. By Value (2017-2022)
9.2. Europe Smart Thermostat Market-By Technology
9.2.1. By Value (2012-2022)
9.3.Europe Smart Thermostat Market- By Application
9.3.1. By Value (2012-2022)
9.4. Europe Smart Thermostat Market: Country Analysis (Germany, U.K., France)
9.4.1. Germany Smart Thermostat Market Size, By Value (2012-2022)
9.4.2. Germany Smart Thermostat Market, By Technology, By Value (2012-2022)
9.4.3. Germany Smart Thermostat Market, By Application, By Value (2012-2022)
9.4.4. Germany Smart Thermostat Market, By Components, By Value (2012-2022)
9.4.5. France Smart Thermostat Market Size, By Value (2012-2022)
9.4.6. France Smart Thermostat Market, By Technology, By Value (2012-2022)
9.4.7. France Smart Thermostat Market Size, By Application, By Value (2012-2022)
9.4.8. France Smart Thermostat Market Size, By Components, By Value (2012-2022)
9.4.9. U.K. Smart Thermostat Market Size, By Value (2012-2022)
9.4.10. U.K. Smart Thermostat Market, By Technology, By Value (2012-2022)
9.4.11. U.K. Smart Thermostat Market Size, By Application, By Value (2012-2022)
9.4.12. U.K. Smart Thermostat Market Size, By Components, By Value (2012-2022)

10. APAC Smart Thermostat Market: An Analysis
10.1. APAC Smart Thermostat Market size
10.1.1. By Value (2012-2016)
10.1.2. By Value (2017-2022)
10.2. APAC Smart Thermostat Market-By Technology
10.2.1. By Value (2012-2022)
10.3. APAC Smart Thermostat Market- By Application
10.3.1. By Value (2012-2022)
10.4. APAC Smart Thermostat Market: Country Analysis (China, Japan)
10.4.1. China Smart Thermostat Market Size, By Value (2012-2022)
10.4.2. China Smart Thermostat Market, By Technology, By Value (2012-2022)
10.4.3. China Smart Thermostat Market Size, By Application, By Value (2012-2022)
10.4.4. China Smart Thermostat Market Size, By Components, By Value (2012-2022)
10.4.5. Japan Smart Thermostat Market Size, By Value (2012-2022)
10.4.6. Japan Smart Thermostat Market, By Technology, By Value (2012-2022)
10.4.7. Japan Smart Thermostat Market Size, By Application, By Value (2012-2022)
10.4.8. Japan Smart Thermostat Market Size, By Components, By Value (2012-2022)

11. RoW Smart Thermostat Market: An Analysis
11.1. RoW Smart Thermostat Market size
11.1.1. By Value (2012-2016)
11.1.2. By Value (2017-2022)
11.2. RoW Smart Thermostat Market-By Technology
11.2.1. By Value (2012-2022)
11.3. RoW Smart Thermostat Market- By Application
11.3.1. By Value (2012-2022)
11.4. RoW Smart Thermostat Market: Country Analysis (U.A.E.)
11.4.1. U.A.E. Smart Thermostat Market Size, By Value (2012-2022)
11.4.2. U.A.E. Smart Thermostat Market, By Technology, By Value (2012-2022)
11.4.3. U.A.E. Smart Thermostat Market Size, By Application, By Value (2012-2022)
11.4.4. U.A.E. Smart Thermostat Market Size, By Components, By Value (2012-2022)

12. Market Dynamics
12.1. Global Smart Thermostat Market Growth Drivers
12.2. Global Smart Thermostat Market Challenges

13. Market Trends

14. Porter’s Five Forces Analysis –Smart Thermostat Market

15. SWOT Analysis –Smart Thermostat Market

16. Competitive Landscape 16.1. Pricing Analysis
16.2. Product Benchmarking of Key Industry Players in Smart Thermostat, By Technology
16.3. Product Benchmarking of Key Industry Players in Smart Thermostat, By Application

17. Policy and Regulatory Landscape

18. Company Profiles
18.1. Honeywell
18.2. Nest
18.3. Ecobee
18.4. Tado
18.5. Quby
18.6. Emerson Inc.
18.7. Carrier
18.8. Schneider Electric
18.9. Ingersoll Land Plc.

List of Tables

Table A: Best thermostats in the market & Specifications
Table B: Pricing Analysis of Smart Thermostat By Leading Companies
Table C: Product Benchmarking of Key Industry Players in Smart Thermostat, By Technology
Table D: Product Benchmarking of Key Industry Players in Smart Thermostats, By Application

List of Figures

Figure 1: Global Smart Thermostat Market Size, By Value, 2012-2016 (USD Million)
Figure 2: Global Smart Thermostat Market Size, By Value, Forecast, 2017-2022 (USD Million)
Figure 3: Global Energy Consumption in Homes and Buildings, By End Use, 2016 (%)
Figure 4: World Urban Population, 2012-2016 (Millions)
Figure 5: Global GDP, 2012-2016 (USD Trillion)
Figure 6: Global Internet Users & Penetration Rate, 2012-2016
Figure 7: Global Smart Home Devices Shipment 2015-2020F (Millions Units)
Figure 8: Global & Regional Smart Home Penetration, 2016 VS 2020 (%)
Figure 9: Percentage Demand of Smart Home Devices, 2016
Figure 10: Global Smart Thermostat Market Size, By Technology, 2016 (%)
Figure 11: Global Smart Thermostat Market Size, By Technology, 2022 (%)
Figure 12: Global Wireless Smart Thermostat Market, By Value, 2012-2016 (USD Million)
Figure 13: Global Wireless Smart Thermostat Market, By Value, Forecast, 2017-2022(USD Million)
Figure 14: Global Wired Smart Thermostat Market, By Value, 2012-2016 (USD Million)
Figure 15: Global Wired Smart Thermostat Market, By Value, Forecast, 2017-2022(USD Million)
Figure 16: Global Smart Thermostat Market Size, By Wireless Technology, 2016 (%)
Figure 17: Global Smart Thermostat Market Size, By Wireless Technology, 2022 (%)
Figure 18: Global Wi-Fi Smart Thermostat Market, By Value, 2012-2016 (USD Million)
Figure 19: Global Wi-Fi Smart Thermostat Market, By Value, Forecast, 2017-2022 (USD Million)
Figure 20: Global ZigBee Smart Thermostat Market, By Value, 2012-2016 (USD Million)
Figure 21: Global ZigBee Smart Thermostat Market, By Value, Forecast, 2017-2022(USD Million)
Figure 22: Global Smart Thermostat Market Size, By Application, 2016 (%)
Figure 23: Global Smart Thermostat Market Size, By Application, 2022 (%)
Figure 24: Global Residential Smart Thermostat Market, By Value, 2012-2016 (USD Million)
Figure 25: Global Residential Smart Thermostat Market, By Value, Forecast, 2017-2022(USD Million)
Figure 26: Global Commercial Smart Thermostat Market, By Value, 2012-2016 (USD Million)
Figure 27: Global Commercial Smart Thermostat Market, By Value, Forecast, 2017-2022(USD Million)
Figure 28: Global Smart Thermostat Market Size, By Components, 2016 (%)
Figure 29: Global Smart Thermostat Market Size, By Components, 2022 (%)
Figure 30: Global Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million)
Figure 31: Global Smart Thermostat Market Size, By Region, 2016 (%)
Figure 32: Global Smart Thermostat Market Size, By Region, 2022 (%)
Figure 33: Smart Home Revenue Contribution, By Region, 2016 (%)
Figure 34: Estimated Number of Smart Homes, Five Largest Market (Million Households)
Figure 35: North America Smart Thermostat Market Size, By Value, 2012-2016 (USD Million)
Figure 36: North America Smart Thermostat Market Size, By Value, Forecast, 2017-2022(USD Million)
Figure 37: North America, Connected Home Installed Base, 2013-2019F (Million Units)
Figure 38: United States Residential Energy Consumption, By End Use, 2016 (%)
Figure 39: United States Prevalence of Smart Technology, 2016 (%)
Figure 40: North America Smart Thermostat Market: By Customer, By Value, 2012-2022 (USD Million)
Figure 41: North America Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
Figure 42: North America Smart Thermostat Market, Country Share, 2012-2016(% of Total)
Figure 43: North America Smart Thermostat Market, Country Share, 2017-2022 (% of Total)
Figure 44: U.S. Smart Thermostat Market Size, By Value, 2012-2022 (USD Million)
Figure 45: United States Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million)
Figure 46: United States Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
Figure 47: United States Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million)
Figure 48: Canada Smart Thermostat Market Size, By Value, 2012-2022 (USD Million)
Figure 49: Canada Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million)
Figure 50: Canada Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
Figure 50: Canada Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
Figure 51: Canada Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million)
Figure 52: Europe Smart Thermostat Market Size, By Value, 2012-2016 (USD Million)
Figure 53: Europe Smart Thermostat Market Size, By Value, Forecast, 2017-2022(USD Million)
Figure 54: Europe Connected Home Installed Base, 2013-2019F (Million Units)
Figure 55: Europe Current & Projected Building Sector Carbon Emission (MtC)
Figure 56: Energy Consumption in Europe, By End User, 2016 (%)
Figure 57: Europe Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million)
Figure 58: Europe Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
Figure 59: Europe Smart Thermostat Market, Country Share, 2012-2016(% of Total)
Figure 60: Europe Smart Thermostat Market, Country Share, 2017-2022 (% of Total)
Figure 61: Germany Smart Thermostat Market Size, By Value, 2012-2022 (USD Million)
Figure 62: Germany Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million)
Figure 63: Germany Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
Figure 64: Germany Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million)
Figure 65: France Smart Thermostat Market Size, By Value, 2012-2022 (USD Million)
Figure 66: France Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million)
Figure 67: France Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
Figure 68: France Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million)
Figure 69: United Kingdom Smart Thermostat Market Size, By Value, 2012-2022 (USD Million)
Figure 70: United Kingdom Smart Thermostat Market: By Technology, By Value, 2012-2022 (USD Million)
Figure 71: United Kingdom Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
Figure 72: United Kingdom Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million)
Figure 73: Asia Pacific Smart Thermostat Market Size, By Value, 2012-2016 (USD Million)
Figure 74: Asia Pacific Smart Thermostat Market Size, By Value, Forecast, 2017-2022(USD Million)
Figure 75: Asia Pacific Projected Urban Population, 2010 VS 2015, (Millions)
Figure 76: Asia Pacific Estimated Number of Smart Homes, By Leading Countries (Million Units)
Figure 77: Energy Consumption in Asia Pacific, By End User, 2016 (%)
Figure 78: Asia Pacific Smart Thermostat Market: By Customer, By Value, 2012-2022 (USD Million)
Figure 79: Asia Pacific Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
Figure 80: Asia Pacific Smart Thermostat Market, Country Share, 2011-2015(% of Total)
Figure 81: Asia Pacific Smart Thermostat Market, Country Share, 2016-2021 (% of Total)
Figure 82: China Smart Thermostat Market Size, By Value, 2012-2022 (USD Million)
Figure 83: China Smart Thermostat Market: By Customer, By Value, 2012-2022 (USD Million)
Figure 84: China Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
Figure 85: China Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million)
Figure 86: Japan Smart Thermostat Market Size, By Value, 2012-2022 (USD Million)
Figure 87: Japan Smart Thermostat Market: By Customer, By Value, 2012-2022 (USD Million)
Figure 88: Japan Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
Figure 89: Japan Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million)
Figure 90: RoW Smart Thermostat Market Size, By Value, 2012-2016 (USD Million)
Figure 91: RoW Smart Thermostat Market Size, By Value, Forecast, 2017-2022(USD Million)
Figure 92: Energy Consumption in Middle East & Africa, By End User, 2016 (%)
Figure 93: Energy Consumption in UAE, By End User, 2016 (%)
Figure 94: RoW Smart Thermostat Market: By Customer, By Value, 2012-2022 (USD Million)
Figure 95: RoW Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
Figure 96: UAE Smart Thermostat Market Size, By Value, 2012-2022 (USD Million)
Figure 97: UAE Smart Thermostat Market: By Customer, By Value, 2012-2022 (USD Million)
Figure 98: UAE Smart Thermostat Market: By Application, By Value, 2012-2022 (USD Million)
Figure 99: UAE Smart Thermostat Market: By Components, By Value, 2012-2022 (USD Million)
Figure 100: Percentage of Smart Thermostat Owners, listing preference of Buying (%)
Figure 101: Honeywell Inc., Net Sales, 2012-2016 (USD Million)
Figure 102: Honeywell Net Sales, By Business Segment, 2016 (%)
Figure 103: Honeywell Net Sales, By Region, 2016 (%)
Figure 104: Emerson Net Sales, 2012-2016 (USD Billion)
Figure 105: Emerson Sales, By Business Segment, 2016 (%)
Figure 106: Emerson Sales, By Region, 2016 (%)
Figure 107: UTC, Climate, Control & Security; Net Sales, 2012-2016 (USD Billion)
Figure 108: UTC, Climate, Control & Security; Net Sales, By Region, 2016 (%)
Figure 109: Schneider Electric, Net Revenue, 2012-2016 (USD Billion)
Figure 110: Schneider Electric, Net Revenue, By Business Segment, 2016 (%)
Figure 111: Schneider Electric, Net Revenue, By Region, 2016 (%)
Figure 112: Ingersoll-Rand, Net Revenue, 2012-2016 (USD Billion)
Figure 113: Ingersoll-Rand, Net Revenue, By Business Segment, 2016 (%)
Figure 114: Ingersoll-Rand, Net Revenue, By Region, 2016 (%)

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